UP · NYSE · Airlines, Airports & Air Services

Wheels Up Experience (UP)

Connecting private-aviation membership and charter access with Delta travel benefits.

$3.79
vs last close+0.13 (+3.55%)
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Wheels Up Experience Inc.UP
Industrials

Membership programs and charter flights provide private-aircraft access through a technology-enabled marketplace. The Signature Program’s premium jet fleet and Delta-linked commercial-travel benefits define the current offering.

Membership programs and charter flights provide access to private aircraft through a technology-enabled marketplace. The current Signature Program is supported by a premium jet fleet after the company completed its shift away from legacy programs and fleets. The offering originated in a membership model and was broadened after the Delta Private Jets combination.

Connections with Delta’s premium commercial-travel ecosystem include eligibility for Medallion status, SkyMiles accrual, and specified use of eligible Wheels Up Fund balances. Programmatic and charter demand now sit alongside that partnership; its operating fleet has been consolidated under WUPJ’s single FAA operating certificate.

Company facts

CEOGeorge N. Mattson
ListedJul 14, 2021
ExchangeNYSE
HeadquartersChamblee, GA
CountryUnited States
Employees1,866
CIK0001819516
ISINUS96328L3042

Market cap$132.7M
EPS (ttm)−$8.46
P/E (ttm)−0.4326
ROE
P/B
P/S0.1843
Dividend yieldDiv yield
Beta2.57vs XLI 0.61

Price target$500.00+13,561.2%Average of 9 analysts
ConsensusHold5 of 9 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

No analyst notes in the last 24 months.

Next report
Nov 4, 26
in 43 days
EPS estimate
Revenue estimate
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported−$1.40−$2.00−$2.00−$2.00−$0.40−$1.97−$2.35Pending
Estimate−$44.00
Surprise+96.8%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$204.8M$177.5M$189.6M$185.5M$183.8M$168.9M$182.0MPending
Estimate$415.8M$461.5M$470.6M$499.0M$472.7M
Surprise−50.7%−61.5%−59.7%−62.8%−61.1%
Estimate
ReportedDue Nov 4, 2026
Estimate
ReportedDue Nov 4, 2026
View details

Current ratio28.30%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$193.9M$204.8M$177.5M$189.6M$185.5M$183.8M$168.9M$182.0M
Net income−$57.7M−$87.5M−$99.3M−$82.3M−$83.7M−$28.9M−$83.0M−$107.2M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$41.9M−$55.1M−$80.8M−$59.6M−$61.3M−$50.6M−$59.3M−$74.6M
YoY growthLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss widenedLoss narrowedLoss narrowedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $86.3M · Total debt $714.4M · Total assets $926.6M · Shareholders' equity −$560.3M

Revenue
$182.0M
Operating income
−$74.6M
Net income
−$107.2M
View details

No dividends on record.

Institutions81.66%29.62M shares
64 holders · as of Jun 30, 2026
Insiders1.94%704.4K shares
14 holders · as of Sep 11, 2026
Other16.40%5.95M shares
remainder

36.28M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

A stock split fell inside the quarter, so quarter-on-quarter changes are not shown.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Delta Air Lines, Inc.Institution
36.30%13.17Mas of Jun 30, 2026
Knighthead Capital Management, LLCInstitution
35.58%12.91Mas of Jun 30, 2026
Whitebox Advisors LLCInstitution
2.82%1.02Mas of Jun 30, 2026
Kore Advisors LPInstitution
2.12%770,231as of Jun 30, 2026
BlackRock, Inc.Institution
1.08%391,189as of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 8, 2026Meaghan Danielle Wellsofficer: Chief Growth Officer−923$4.39
Aug 31, 2026CK Wheels LLC10 percent owner−9,363$4.61
Aug 10, 2026Meaghan Danielle Wellsofficer: Chief Growth Officer−4,358$5.41
Jun 23, 2026CK Wheels LLC10 percent owner−100$7.00
Jun 18, 2026CK Wheels LLC10 percent owner−27,524$8.05
View details

  • flyExclusive

    Fractional, Jet Club and charter programs overlap in U.S. private aviation

  • Surf Air Mobility

    On-demand private-charter platform for larger-cabin and longer trips

  • Joby Aviation

    Blade's charter-broker operation serves premium urban and fixed-wing flyers

Compare

CompanyPriceChange
Wheels Up Experience$3.79+3.55%$132.7M0.2−4.0%
flyExclusive$1.27+2.02%$100.1M0.2+21.7%
Surf Air Mobility$0.7701+14.91%$74.4M0.7+7.6%
Joby Aviation$6.38−0.55%$6.31B54.2+257,493.3%
Median0.7+21.7%